TSMC trades near record high as Apple plans to purchase “well over 100 million” chips from its Arizona facility this year
Last year Apple said it would invest $600 billion to expand in the US over four years, in an effort to reduce its reliance on overseas suppliers and avoid tariffs.
We’re now getting more detail on what that involves. According to a new announcement from Apple, it includes expanding AI server production and moving future production of suddenly trendy Mac Minis to Houston.
It also involves the purchase of “well over 100 million” chips from TSMC’s Arizona facility this year, “a significant increase from 2025.”
“We’re buying as much of the output of this fab as we can,” Apple’s global head of procurement, David Tom, told The Wall Street Journal.
Apple has long been one of TSMC’s largest customers, even as the iPhone maker shifted to designing its own processors in-house — chips that TSMC overwhelmingly manufactures. Apple’s demand is helping fund TSMC’s massive multibillion-dollar chip plant expansion in Arizona.
Shares of TSMC were up 3% and near record highs in early trading Tuesday, as the Apple announcement underlines huge demand for TSMC’s AI chips
It also involves the purchase of “well over 100 million” chips from TSMC’s Arizona facility this year, “a significant increase from 2025.”
“We’re buying as much of the output of this fab as we can,” Apple’s global head of procurement, David Tom, told The Wall Street Journal.
Apple has long been one of TSMC’s largest customers, even as the iPhone maker shifted to designing its own processors in-house — chips that TSMC overwhelmingly manufactures. Apple’s demand is helping fund TSMC’s massive multibillion-dollar chip plant expansion in Arizona.
Shares of TSMC were up 3% and near record highs in early trading Tuesday, as the Apple announcement underlines huge demand for TSMC’s AI chips
